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GCC banks see bigger growth in profit than revenuesGCC banks were able to grow profits in 2017 with a rate more than twice as high as revenues; despite the industry growing at a lower rate last year than it did in the previous year with just a 2.3 per cent increase, said a report. More… |
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GCC banks to see improved financial stabilityBanks in the GCC are expected to see improved financial stability in the year ahead, said S&P Global Ratings in a new report. Barring unforeseen events, 2018 will mark the stabilization of the financial profiles and performanc More… |
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Capitalization ‘positive rating factor for GCC banks’Capitalization continues to be a positive rating factor for banks in the Gulf Cooperation Council (GCC) countries, S&P Global Ratings said in a new report. “After completing our latest tally of their risk-adjusted capita More… |
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Could fintech disrupt GCC banks' business models?Financial technology (fintech) could reduce the profitability of some business lines of GCC banks and change the way they operate over time, according to new report published by S&P Global Ratings. "Technological innovati More… |
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GCC banks to see loan growth of 4.9pc in 2017Despite current business conditions, GCC banks are expected to register a solid loan growth of 4.9 per cent in 2017, a report said. This is, however, far lower than the average annual growth of 9.2 per cent recorded between 2012 a More… |
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GCC banks 'resilient in weaker economic environment'The rated banks in the GCC continued to display good asset quality indicators, profitability, and capitalisation in 2016 by global standards, albeit with signs of deterioration from 2015, said a report by S&P Global Ratings. The wea More… |
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GCC banks eyeing Africa for new opportunitiesThe larger local banks in the GCC are approaching saturation in their home market and are starting to venture out to attractive markets such as Africa, says a new report from EY, a leading professional services firm. Dubai, UAE in More… |
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GCC banks revenue growth back to single-digit in 2015The banking industry in the GCC grew at a lower rate in 2015 than it did in 2014 with just a 7.2 per cent increase, stemming almost exclusively from major customer segments such as retail and corporate banking, a report said. Base More… |
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GCC banks may issue $43bn of Basel III debt by 2019Arqaam Capital, the specialist emerging and frontier markets investment bank, expects GCC banks to issue $43 billion of Basel III compliant debt by 2019 in order to improve the quantity and quality of their capital base. Jaap Meij More… |
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GCC banks’ earnings ‘set to slide’ after solid H1Banks in the GCC, which reported a good set of gains in the first half of 2015, could see a weakening in earnings over the next several quarters due to the knock-on effects of lower oil prices on growth and asset quality, a report said. More… |
